Bitcoin While the decline in altcoins and altcoins continued to deepen in the last two days, investors’ eyes turned to when the rise would come again.
While many analysts have different predictions on this subject, the last prediction is the one that investors follow closely. from Ali Martinez came.
The analyst who first evaluated Bitcoin BTC He said that the four-hour 200EMA level (about $67400) is very important for the market.
Stating that the 200EMA level is a great support for BTC, the analyst said that if Bitcoin holds this level, it will recover, and if it cannot maintain it, further declines will follow. He claimed.
“The 200EMA on the four-hour Bitcoin chart has been a formidable support. It has prevented BTC from falling further since early February.
That’s why I attach great importance to this level because if it holds it guarantees a recovery, but if it breaks like in mid-January there could be more losses for BTC.”
Ethereum Bulls Must Continue the Fight!
The decline in Bitcoin Ethereum including altcoin While the market is also affected, ETH continues to show a downward trend.
At this point $3,460 ETH Stating that it is an okay or continue level for ETH, Martinez said that if there is a drop below this level, ETH may correct to $2,850 or lower levels. told.
“Ethereum falling below $3,460 is a problem for the bulls!
“Given the lack of support in ETH, there are increasing chances of ETH making another correction towards $2,850 or lower.”
While Ethereum continues to trade at $ 3,301 at the time of writing, the price has fallen below $ 3,460, which the analyst sees as critical. At this point, time will tell whether the decline in ETH will extend to $2,850 and even lower.
*This is not investment advice.
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